Karachi, December 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday raised concerns over the growing menace of cybercrimes, warning that such activities are adversely affecting Pakistan’s digital economy.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
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PSW Shares Upcoming Integrations for Swift Clearance
Karachi, December 5, 2024 – Pakistan Single Window (PSW) has announced a series of initiatives aimed at streamlining processes and integrating various organizations and stakeholders to ensure swift and efficient clearance for businesses. These efforts are designed to simplify the clearance procedures for the trade community by enhancing coordination between regulatory bodies, service providers, and other key players.
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Aurangzeb Pledges Solutions for American Business Council
Islamabad, December 4, 2024 – Finance Minister Muhammad Aurangzeb assured the American Business Council (ABC) of the government’s commitment to addressing issues affecting their operations in Pakistan, reaffirming efforts to bolster foreign investment and economic ties with the United States.
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Citi Pharma Pioneers API Manufacturing in Indonesia
Karachi, December 3, 2024 – Citi Pharma Limited has announced a landmark partnership with Mersi Farma, a leading pharmaceutical company based in Indonesia, to advance Active Pharmaceutical Ingredient (API) manufacturing and expand the nutraceutical market in Indonesia.
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FPCCI Advocates Establishment of Bank of Balochistan
Karachi, December 2, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent measures to address Balochistan’s economic challenges. He proposed establishing a Bank of Balochistan (BoB) to facilitate industrialization, enhance access to finance, and drive sustainable development in the province.
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KCCI Demands Removal of MRP Tea Valuation for Tax Collection
Karachi, December 2, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the authorities to remove the Minimum Retail Price (MRP) regulation from the tax valuation of tea. In a statement issued on Monday, KCCI President Muhammad Jawed Bilwani expressed strong opposition to the recent decision by the Federal Board of Revenue (FBR) to set the MRP of Rs1200 per kg on the import of black tea in bulk, which is then subject to sales tax and withholding tax.
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APTMA Urges Restoration of EFS for All Textile Players
KARACHI: The All Pakistan Textile Mills Association (APTMA) has called on the government to urgently restore the Export Facilitation Scheme (EFS) to its pre-Finance Act 2024 status, including reinstating zero-rating on local supplies for export manufacturing. APTMA argues that this step is crucial for ensuring a level playing field for domestic manufacturers who have been disadvantaged compared to tax-exempt imported inputs.
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Carpet Manufacturers Seek Urgent Customs Duty Relief
Islamabad, November 28, 2024 – The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has called for immediate relief from customs duties that are severely hampering the survival and growth of the carpet manufacturing sector.
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SESSI Makes Big Announcement for Workers at SITE Association
Karachi, November 28, 2024 – Miandad Rahoojo, Commissioner of the Sindh Employees Social Security Institution (SESSI), announced significant changes aimed at improving services for workers, particularly in the SITE area. Speaking during his visit to the SITE Association of Industry (SAI), Rahoojo detailed several key measures, including a revised mechanism for auditing registered units, an increase in the number of SESSI dispensaries, and plans to enhance healthcare facilities for workers.
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FPCCI President Announces Rs 5 Billion Seed Fund for Air Karachi
Karachi, November 28, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced an initial Rs 5 billion seed fund for the launch of a new airline, Air Karachi. This initiative, spearheaded by prominent business leaders, aims to revolutionize air travel in Pakistan.
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